Plan Ledger DOL Form 5500 · updated monthly

Windquest Group, Inc.401(k)

THE WINDQUEST GROUP 401(K) RETIREMENT SAVINGS PLAN · GRAND RAPIDS, MI · plan year 2024

Reported admin expense ratio · 2024
0.38%

Peer grade: C · admin costs + employer contributions vs same-size plans · how grading works

Windquest Group, Inc. reported $279,926 in plan administrative expenses for 2024: 0.38% of average plan assets, higher than ~90% of peers. Employer contributions averaged $2,956 per active participant. This ratio covers administrative expenses reported on the plan's Schedule H only; fund-level expense ratios are not included in public structured data — see methodology.

Across the 3 years on file its reported administrative ratio has held roughly steady near 0.38%. The plan sits in the $50M–$250M size bracket, benchmarked here against 10,352 comparable plans and shown alongside other manufacturing employers. By assets it is the 364th-largest of 2,619 plans among Michigan employers on file, and the 2,267th of 13,661 in manufacturing. In 2024, employees put in $2.41 for every $1.00 the employer contributed; active participation has shrunk from 1,220 to 1,018 since 2022.

Plan summary
Net assets, end of year$78,712,991
Participants with balances1,295
Active participants1,018
Employer contributions$3,008,780
Employee contributions$7,248,343
Employer contribution per active participant$2,956
Average account balance$60,782
Benefits paid to participants$10,976,928
Plan auditUnmodified (clean) audit opinion
Plan history3
Yearassets · accounts · employer contribution
2024$78.7M · 1,295 accts · $3.0M emplr
2023$68.4M · 1,422 accts · $2.9M emplr
2022$52.3M · 1,419 accts · $2.6M emplr
Administrative expenses, itemized · 2024
Recordkeeping & contract admin$202,975
Investment management$76,951
Total administrative$279,926
The Windquest Group, Inc. 401(k) match · 2024
Employer contribution per active participant$2,956
Median for plans this size$3,635
2024$2,956 per active participant
2023$2,458 per active participant
2022$2,140 per active participant

Windquest Group, Inc.'s 2024 employer contribution ran below the $3,635 median for plans its size. Filings report dollars actually contributed, not the match formula; the formula itself (for example, 50% of the first 6% of pay) lives in the plan's summary plan description from HR.

What these fees cost you

Annual cost at the plan's reported 2024 administrative ratio, against the median plan its size; fund expense ratios are extra. Compare any plan.

Service providers · 20242
PRINCIPAL LIFE INSURANCE COMPANY · Contract administrator · Loan processing$202,974
CAPTRUST · Investment advisory (plan)$76,951

Compensation shown is direct payments from plan assets reported on Schedule C. Providers paid through fund revenue-sharing appear as indirect.

Administrative cost history3
2024$279,926 · 0.38%
2023$198,820 · 0.33%
2022$189,337 · 0.39%
Same employer
Similar plansManufacturing · Michigan
Neapco Holdings, LLC MI$81.8M · 0.30%
Norma Michigan, Inc. MI$81.2M · 0.17%
Emergency Technology, Inc. MI$79.2M · 0.19%
Mayco International LLC MI$77.2M · 0.66%
Maxion Wheels U.S.A. LLC MI$75.7M · 0.01%
Purem Novi Inc. MI$74.5M · 0.30%
J. Rettenmaier USA LP MI$74.5M · 0.31%

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Source: U.S. Department of Labor, Form 5500 series, EIN 382884003 · Verify on EFAST2 · Amounts are as reported by the plan sponsor for the plan year shown.